As Wall Street traders refocused on markets after the Thanksgiving holiday, their Twitter feeds lit up with talk about bitcoin’s rapid march toward $10,000.
“Certainly nothing seems to be stopping Bitcoin this morning, which seems to have captured the entire financial social media as it breaks towards $10,000,” Peter Tchir, head of macro strategy at Brean Capital, said in a Monday morning email to clients.
Bitcoin has caught Wall Street’s attention this year by multiplying more than nine times in price. Top banking executives such as JPMorgan Chase’s Jamie Dimon have called the digital currency a “fraud.” But well-known investors Bill Miller, Mike Novogratz and Josh Brown, CEO of Ritholtz Wealth Management and a CNBC contributor, have bought bitcoin.
Many on financial Twitter were a little more skeptical.
Conor Sen, a portfolio manager at New River Investments, was quick to compare bitcoin’s surge to the tech-stock bubble of the 1990s. Sen has 26,800 followers on Twitter…
Read Full: For traders on social media, bitcoin is a bubble unfolding in real time right before their eyes
